Sterling slide, weak U.S. jobs data fuel risk aversion

Sterling slide, weak U.S. jobs data fuel risk aversion
 

A sterling plunge and underwhelming U.S. jobs data on Friday muddied the outlook for world financial markets, with investors left questioning central bank policy as a messier-than-expected Brexit fallout and U.S. presidential election loom.
Sterling recouped some losses after plunging almost 10 percent as growing fears of a "hard" exit by Britain from the European Union sent a shiver through world markets.
S&P 500 futures pointed to a flat open on Wall Street, with its advance from recent lows having stalled this week.
U.S. employment growth unexpectedly slowed for the third... read more

 
7 October 2016 in World News, Views: 32
Source: Reuters
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